Proceedings.

Petrosun Resources Inc.

Follow
Closed
Proceeding
BankruptcyBankruptcy and Insolvency Act
Filings held3
Last activity1 May 2025
On the record1,483 days
Secured debtSubscribers
OverviewSummary updated

Petrosun Resources Inc.'s Statement of Affairs, sworn August 29, 2022, reported total assets of $1.00 against total liabilities of $6,041,095.01, producing a stated deficiency of $6,041,094.01. Preferred creditors were listed as nil, and the itemised creditor listing attached to the Statement sums to $6,023,093.99, a figure roughly $17,996.02 short of the deficiency total that the document does not reconcile. Dozens of unsecured claims were listed, ranging from small amounts under $100 to Tianyi Yu at $941,593.15 and Tong Chen at $749,570.04, the two largest. A secured claims list "B" was referenced but not included in the material. The matter is now recorded as closed.

Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Case updates3 dated entries
Parties

Debtor

Petrosun Resources Inc.

Trustee in bankruptcy

Doane Grant Thornton

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredSecured creditors (aggregate per list "B", Statement of Affairs) · in 35 casesList "B" not provided in these pages; no individual secured creditor named — Statement of Affairs also reports a separate 'Balance of secured claims as per list "B"' of $4.00 added to the unsecured total (treated as the deficiency/unsecured portion of secured claims after security value); underlying list "B" not attached to these pages. — debtor: Petrosun Resources Inc. · as of 29 Aug 2022$1Creditors' Package dated August 30, 2022
63 more claims across lower-ranking classesSubscribe to view
RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents3 filings
DateDocumentFile
Order Discharging Trustee pronounced May 1, 2025PDF · Subscribers
Certificate of Appointment dated August 30, 2022
  • Proceeding type bia_bankruptcy
  • Statutory basis Bankruptcy and Insolvency Act
PDF · Subscribers
Creditors' Package dated August 30, 2022
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Petrosun Resources Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/petrosun-resources-inc

Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/petrosun-resources-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.